NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2008
(b) Directors' Remuneration (continued)
Fees / Benefits STIP LTIP Other Total
Salary(note 1)(note 2)(note 3) (note 4) 2008 2007
£'000 £'000 £'000 £'000 £'000 £'000 £'000
Executive Directors
M T Saunders(Chief Executive) 198 15 153 97 - 463 480
C M Tomkins(Deputy Chief Executive) 173 13 70 72 - 328 327
M M Gallivan(Finance Director) 149 13 70 62 - 294 304
Non Executive Directors
C C Evans(Chairman) 54 - - - 25 79 78
P R Williams(Vice-Chairman) 47 - - - 13 60 37
R J C Pearson(Chairman of Audit Committee) 38 - - - 5 43 42
P Armstrong 9 - - - 4 13 12
H E Berry(resigned 18 September 2007) - - - - - - 30
K A V Cartwright 15 - - - 19 34 25
H E Clarke(appointed 27 February 2007) 32 - - - 7 39 29
K F Richardson(appointed 1 May 2007) 32 - - - 5 37 22
M S Richmond 9 - - - 10 19 16
P Riordan-Eva 9 - - - 23 32 20
P D Robinson 9 - - - 12 21 18
774 41 293 231 123 1,462 1,440
Note 1 Benefits include car allowances, medical and other benefits in kind or their equivalent monetary value.
Note 2 STIP represents those amounts that have been paid in 2008 and amounts accrued in respect of the year to 31
December 2008. The STIP is determined by comparing actual performance against set targets for key performance
indicators over the year.
Note 3 LTIP represents those amounts that have been paid in 2008 and amounts accrued in respect of the year to 31
December 2008. The LTIP is determined by comparing actual performance against set targets over a three year
period; and relates primarily to the overall financial position of the Company and its key membership statistics.
Note 4 "Other" represents expenses paid to Board members and any amounts for attendance at council and committee
meetings other than the MDU Board and its related committees.
54
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